Starwood Capital Group and Jin Jiang International Holdings have revealed the sale of Groupe du Louvre and its 100% indirect subsidiary Louvre Hotels Group has been completed. Through Starwood affiliate Star SDL Investment Co., Groupe du Louvre was sold to the Luxemburg-based subsidiary of Shanghai Jin Jiang International Hotels Development, for an amount of €1.3 billion.
Hyatt Hotels Corporation announced that a Hyatt affiliate entered into an agreement with affiliates of Haberhill and Starwood Capital Group Global to form a joint venture.
Starwood Capital Group, a leading global private equity firm focused on real estate and energy investing, announced that its Groupe du Louvre affiliate has sold Hotel Lutetia to Alrov, a leading international real estate company.
Barry Sternlicht’s Starwood Capital Group LLC is bidding to take over Riviera Holdings Corp., four years after a bid he backed was rejected by shareholders.
Extended Stay’s Board Determines Proposal from Starwood Capital, TPG Capital and Five Mile Capital Partners is Superior to Previous Offer from Centerbridge Partners and Paulson & Co.